Top Crypto Gainers Today, August 21 – OKB, MORPHO, CFX

Highlights:

• OKB, MORPHO, and CFX lead the crypto gainers today with strong price rallies.
• MORPHO shows bullish momentum supported by MACD crossover and rising trading volume.
• Conflux gains after speculation on China’s yuan-backed stablecoin policy shift.

The crypto market is showing signs of recovery after continuous days of uncertainty. The overall market valuation has surged by 1% to $3.86 trillion despite a minor decline in the trading volume at $180 billion. Moreover, the fear and greed index is still holding at neutral levels, down from extreme greed in the last week. In the section below, let’s discuss the top crypto gainers today as the market demonstrates a recovery path.

Top Crypto Gainers Today

1. OKB

OKB has emerged as the top crypto gainer today, with a 50% surge over the past 24 hours. The token jumped from lows of $125 and faced rejection at the $195 mark. In addition, OKB has been in on an impressive rally after recording a monthly gain of almost 300%. As of this writing, the altcoin is trading around $188 with a market cap and trading volume of $4 billion and $1.16 billion, respectively.

OKB’s rally has been fueled by the recent 65.26 million removal of OKB tokens from the market by the OKX exchange as a result of buybacks and reserves. The move reduced the circulating supply to 21 million, similar to Bitcoin’s scarcity model. The modification signifies the priority of long-term stability and value preservation.

OKB continues to march higher with both price and social mentions accelerating.

What's up?$OKB has successfully transitioned 90% of its tokens to its new home on X Layer, marking a significant milestone. This move aims to create a unified ecosystem with one token, one chain,… pic.twitter.com/1GJWdXsgFf

— LunarCrush Social Analytics (@LunarCrush) August 20, 2025

Along with the burn, OKB also fully transitioned to X Layer. More than 90% of tokens are currently operating on this network. The upgrade brings in bank-level security, seamless OKX Pay integration, and gas-free transactions. By consolidating to one token and one chain, the project aims to strengthen on-chain finance and support innovations such as real-world assets.

2. MORPHO

After posting a remarkable rally of more than 20% over the past month, MORPHO is making headlines, making it to the list of the top crypto gainers today. The token posted a steady upward ride, surging from $2 to $2.34, a surge of 12% on the daily chart. Following this bullish momentum, its trading volume has surged by 30% to $52 million.

Technical indicators on the daily chart suggest a robust bullish momentum in MORPHO’s price movement. The price is trading alongside the upper Bollinger band, which has been noted as key resistance for the token. With solid support around the $2 mark, this bullish momentum could send MORPHO to highs of $3 soon.

In addition, the Moving Average Convergence Divergence (MACD) has undergone a bullish crossover as the MACD line crosses above the signal line. Green bars have started to form on the histogram, indicating fresh buying pressure in the market.

3. Conflux

Conflux has been a subject of volatility recently, with its price sharply surging to $0.27 and retracing back to $0.16. These fluctuations have seen the altcoin record declines of 7% and 10% on the weekly and monthly charts, respectively. However, CFX has emerged among the top crypto gainers today with a surge of 7% over the past 24 hours. This fresh momentum has pushed the price to $0.1830, with the trading volume gaining massively to $280 billion.

Conflux saw a sharp move higher after reports suggested China could allow yuan-backed stablecoins. The network stands out as the country’s first state-backed public blockchain. With links to the digital yuan initiative, Conflux holds potential as infrastructure for stablecoin development.

CONFLUX ( $CFX ) JUMPED AFTER REPORTS THAT CHINA MAY ALLOW YUAN-BACKED STABLECOINS

WHY?

– It's China’s first state-backed public blockchain
– Tied to Web3 adoption and the digital yuan initiative
– Potential infrastructure for yuan-backed stablecoins
– Supported by Shanghai and… https://t.co/rn4WDXlRJr pic.twitter.com/49NrXtDU7O

— Kapoor Kshitiz (@kshitizkapoor_) August 20, 2025

The project also benefits from partnerships in Shanghai and Hong Kong, strengthening its role in Web3 adoption. A policy shift supporting stablecoins could directly increase demand, raising questions over whether Conflux evolves as China’s official blockchain framework.